Re: FW Todays surprise recovery in the market
Someone, perhaps on this list, uses this quote in their closing sig. Seems appropriate for the times, the market, the economy. arthur cordell = This is the common failing of all mankind: Never to anticipate the storm when the sea is calm. - Niccolo Machiavelli, "The Prince"
FW Todays surprise recovery in the market
When the Dow opened this morning, Tues Oct 28, it looked like a losing day, by noon the market was climbing and finished over 300 pts. I was speculating, was it traders from other markets in the world who picked the US and Canadian markets as the most probable to remain secure or was it American Funds snapping up bargains?
Re: FW Todays surprise recovery in the market
On Tue, 28 Oct 1997, Thomas Lunde wrote: > When the Dow opened this morning, Tues Oct 28, it looked like a losing day, > by noon the market was climbing and finished over 300 pts. > > I was speculating, was it traders from other markets in the world who > picked the US and Canadian markets as the most probable to remain secure or > was it American Funds snapping up bargains? Or was it firms buying back their own stocks. Would be curious to know where the intitial burst of buying came from, the burst that set off the recovery. arthur cordell
Re: FW Todays surprise recovery in the market
Today's trading on the stock market means little (as does yesterday's for that matter). The important thing is the fundamental events that have been unfolding in Asia over the past four - five months, as Michel Chossodovsky pointed out in his analysis sent out BEFORE the thurs-fri-mon crash. As the analysts point out, we're probably in for a period of stock market "volatility", which could even see a return to previous high levels. What is extremely unlikely, however, is a return to the past couple of years' pattern of record high after record high. In other words, the thing to watch is NOT how far the market falls (or doesn't fall) but whether the economy can continue to grow without the impetus of the market bubble. History says no. A lot of people have already pointed out over the past year or so that we are now in an era of "deflation". Deflation coupled with rising stock prices can create a strong illusion of prosperity. The illusion is gone. A "recovery" won't restore the illusion (only a new illusion could restore the illusion). > >On Tue, 28 Oct 1997, Thomas Lunde wrote: > >> When the Dow opened this morning, Tues Oct 28, it looked like a losing day, >> by noon the market was climbing and finished over 300 pts. >> >> I was speculating, was it traders from other markets in the world who >> picked the US and Canadian markets as the most probable to remain secure or >> was it American Funds snapping up bargains? > > Or was it firms buying back their own stocks. Would be curious to >know where the intitial burst of buying came from, the burst that set off >the recovery. > >arthur cordell > > > > > Regards, Tom Walker ^^^ knoW Ware Communications Vancouver, B.C., CANADA [EMAIL PROTECTED] (604) 688-8296 ^^^ The TimeWork Web: http://www.vcn.bc.ca/timework/
In July, Soros Predicted Crash (fwd)
-- Forwarded message -- Date: Tue, 28 Oct 1997 02:43:25 -0500 From: Das GOAT <[EMAIL PROTECTED]> Reply-To: Conspiracy Theory Research List <[EMAIL PROTECTED]> To: [EMAIL PROTECTED] Subject: In July, Soros Predicted Crash Tuesday, July 8 1997 SOROS EXPECTS WORLD STOCK MARKETS TO CRASH (Bonn, July 7): Billionaire US financier George Soros fears that the world stock markets' current bull run will be followed by a massive crash, he told the German weekly Focus. Soros said he feared "panic by inexperienced stock market investors," the magazine reported. "Lots of new investors have little experience of stock markets. If these inexperienced investors are all seized by panic and quit the market together, there will be a crash," he said. Soros also said he feared conflict between France and Germany over the French government's demand that jobs be Europe's number one priority, could delay the start of the single European currency. "A conflict is on its way and it could lead to a delay in the start of the euro," he said. Soros is renowned as having contributed to the withdrawal of the pound sterling from the European monetary system in 1992 by betting against the Bank of England. Copyright (c) 1997 Indian Express Newspapers (Bombay) Ltd.
Hearings on the MAI (fwd)
-- Forwarded message -- Date: Mon, 27 Oct 1997 14:40:54 -0800 From: Sid Shniad <[EMAIL PROTECTED]> Reply-To: Forum on Labor in the Global Economy <[EMAIL PROTECTED]> To: [EMAIL PROTECTED] Subject: Hearings on the MAI The Toronto Star October 25, 1997 CANADIAN PARLIAMENT TO HOLD HEARINGS INTO THE MULTILATERAL AGREEMENT ON INVESTMENT (MAI) By Rosemary Speirs OTTAWA - Trade Minister Sergio Marchi says critics have built "a phantom" out of the closed-door negotiations in Paris for a treaty governing the rules of foreign investment. Bowing to demands for a public debate, Marchi has asked a parliamentary committee to hold hearings on the Multilateral Agreement on Investment. He hopes that This week, a subcommittee of nine MPs, headed by Liberal Bob Speller, agreed to make hearings on the agreement a priority. Marchi is asking for a report by December, which he says will help guide Canadian negotiator Bill Dymond during the final talks in Paris next spring. Canadians have about two weeks to make their voices heard. MAI will drastically alter our communities, our country and the world. Corporations will be allowed to sue governments, (municipal, provincial and federal) for loss of profits if governments enact safety, environmental or labour laws that limits a corporation's ability to compete internationaly. Governments cannot sue corporations. The suit would be heard behind closed doors, outside of Canada. The decsion would be binding. The proceedings of the hearing would remain secret. There would be no appeal. Municipal, provincial and federal governments would no longer be able to pass laws or to govern for fear of bankrupting lawsuits. Citizens would no longer govern their own communities. Municipal, provincial, state and federal governments would be governed by transnational coporations. The Canadian government wants a report in 5 weeks! The deal will be signed in six months! We will be locked in for twenty years! Canadians need to participate in this process. Now! = web sites MAI Internet Resource List == By the MAI-Not! Project, OPIRG-Carleton, 520-2757, fax 520-3989, e- mail [EMAIL PROTECTED] http://www.flora.org/mai-not/ The Alliance for Public Accountability is helping us draft a campaign to hold MP's accountable on the MAI: http://www.magi.com/~hemccand/cca.html OUR BEST PICKS The entire text of the January MAI draft http://www.essential.org/monitor/mai.contents.html The text of the May 13th draft (under construction) http://www.citizen.org/gtw/mainewte.htm A comparison of the two drafts http://www.citizen.org/gtw/maitextc.htm MAI-Day! The Corporate Rule Treaty by Tony Clarke, Director of the Polaris Institute http://www.islandnet.com/plethora/mai.html ALL THE WEBSITES BELOW are linked to our site or these other Canadian sites: MAI-No thanks... comprehensive links to organizations, essays on MAI and related issues http://www.islandnet.com/plethora/nomai.html The National Centre for Sustainability, a new MAI information site http://www.islandnet.com/~ncfs/maisite/ CANADA. Canadian Centre for Policy Alternatives http://www.policyalternatives.ca/ Council of Canadians http://www.web.net/~coc/ Citizens Concerned about Free Trade http://web.idirect.com/~ccaft/ The Sierra Club Common Front on WTO http://www.sierraclub.ca/national/trade-env/ U.S... People-Centred Development Forum (David Korten) http://iisd1.iisd.ca/pcdf/ Multinational Monitor http://www.essential.org/monitor/monitor_resources.html#other Public Citizen (Ralph Nader) http://www.citizen.org/ Global Trade Division of Public Citizen http://www.citizen.org/pctrade/tradehome.html The Preamble Collaborative http://www.rtk.net/preamble/ Corporate Watch and TRAC, the Transnational Resource and Action Center http://www.corpwatch.org/trac/about/about.html#advisor Proponents of the MAI.. The Organization for Economic Cooperation and Development (OECD) http://www.oecd.org/daf/cmis/mai/mai.htm The Department of Foreign Affairs and International Trade http://www.dfait-maeci.gc.ca/english/trade/backgr-e.htm Other pro-MAI sites are linked to the "MAI? No thanks!" site http://www.islandnet.com/plethora/mai-yes.html (A more complete list with email and mail addresses will be released later) The first part of the text of the May draft of the MAI can be found on the web at: http://www.citizen.org/gtw/mainewte.htm Other sites: http://www.twnside.org.sg/ http://csf.colorado.edu/sustainable-economicsc
signoff
signoff Skender Derti
